In view of the foregoing and determining the number of new employees that you need to employ in the company, assuming the following data in the company’s business:

  - Number of transactions the company is expected to make per month: 1500

  The time approved for reviewing a single transaction: 15 minutes

  Hours per month:

  The number of hours required to perform = the number of hours required to work in the month * (the number of minutes it takes to complete the transaction / the total minutes per hour)

  1500 * (15/60) =

  = 375 hours

  Number of people to perform = Number of hours to perform / Standard number per month

  375/168 = 2 employees who need to be hired

Answer rating: 100% (QA)

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